Here are the three areas legacy oil and gas companies must invest in to stay relevant amid the energy transition.
Here’s what makes carbon capture important and why oil and gas companies in the U.S. are well-positioned to take the lead.
As one of the nation’s top renewable energy providers, Duke Energy plans to double its enterprise wide renewable portfolio to 16 gigawatts by 2025.
U.S. Energy Secretary Jennifer Granholm wants to slash the cost of green hydrogen over the next decade, which would make it cheaper to produce hydrogen from renewables than from natural gas.
The Bureau of Ocean Energy Management will publish a request of interest to gauge interest in offshore wind development in the Gulf of Mexico Outer Continental Shelf—already a hub for oil and gas production.
The EU and an energy investment program founded by Bill Gates will target hydrogen produced from renewable energy, sustainable aviation fuels, technology to suck CO₂ out of the atmosphere, and long-duration energy storage.
It has been depicted as a new David-and-Goliath tale for Wall Street: a tiny hedge fund called Engine No. 1 went up against the mightiest oil company in the U.S. and won three seats on its board, with a mandate to prepare it for a future free of fossil fuel.
Former Enron CEO Jeffrey Skilling's stealth energy investment venture has launched, two people familiar with the matter said on June 3, staffed with former McKinsey & Co. consultants like himself and offering a technology edge to oil and gas returns.
Companies will also focus on deployment of Energy Vault’s transformative, new EVX energy storage technology within Aramco.
The Danish firm, which sold its oil and gas business in 2017, has benefited hugely from policies to implement the 2015 Paris Agreement, a collective shot at limiting global warming.